- The two major indices on the local bourse, the GSE-CI and GSE-FSI, recorded slides of 21.47 points and 42.71 points to close at 1,854.94 points and 1,682.50 points respectively.
- Government was able to fill only GHS 807.31m (71%) of its intended target of GHS 1,137m from the issuance of 91 and 182-Day Bills.
ECONOMIC SCOOP
Producer Price Index (PPI) drops to 9.30% in July 2020
- PPI for July 2020 was at 9.30%, 0.20% below the previous month’s figure of 9.50%.
- Inflation in the Mining and Quarrying sub-sector increased by 3% to settle at 38.20%.
- The Manufacturing sub-sector which accounts for two-thirds of the PPI posted moderate inflation of 4.40%, up from 3.80% in June 2020.
- The Utility sub-sector saw a sharp decline in inflation from 12.00% in June 2020 to 5.80% in July 2020.
